If You Were a Billionaire for Five Hours (Sun-Trust Bank error to man's account)

[Whoa_Nelly]

Source: Wall Street Journal

When Paul Fischer checked his bank account Friday night, he had a happy surprise. His balance had exploded to $88,888,888,888.88. A very lucky number indeed, and close to $89 billion.

Of course, the balance was a technical error by SunTrust Bank (NYSE: STI - News), which quickly fixed the problem. It also may have occurred in other accounts.

Mr. Fischer had other ideas as well. Before the problem was fixed, he asked a SunTrust rep if he could move the money to an interest-bearing account until it was reclaimed and donate the interest to charity. Total interest: more than $7.3 million. The bank said no.

<snip>

This kind of bank error happens frequently. But Mr. Fischer raises an interesting question: What if, for five hours, you truly did have $89 billion?


Happens frequently? Wow! Who knew?????? :crazy:

Read more: http://finance.yahoo.com/banking-budgeting/article/109237/if-you-were-billionaire-for-five-hours

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Wow! Happens frequently! Who knew???? :crazy:

[truedelphi]

1. i woul d buy the bank that made the error, then send everyone home on

vacations while I figured out how to handle so much money.

[Whoa_Nelly]

2. Gotta wonder if the banks are slipping money around to avoid being caught

for raping this nation financially, not to mention trying to own its soul.

[Xenotime]

7. That's probably what they are doing.

[wtmusic]

3. A lot of good that would do me, my ATM limit is only $300 million. nt

[BlueJazz]

4. LOL !! Good One !

[troubledamerican]

5. Tempt me. Just once.

[ConcernedCanuk]

6. I expect weird dreams tonight

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:silly: